Tuesday, May 10, 2011Adconion Gets $34M In FinancingAdconion, which operates an Internet advertising network and related businesses, said earlier this week that it has raised £21 ($34M) in financing from Silicon Valley Bank. Adconion has major operations in Los Angeles. The firm said the funding will go towards acquisition and working capital requirements at the company. Adconion is backed by Wellington Partners and Index Ventures. The financing came through Silicon Valley Bank's London office, as Adconion's worldwide headquarters are in Lon (More info...)
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RightScale Expands In Santa BarbaraSanta Barbara-based RightScale, the developer of cloud computing software, is expanding its space in Santa Barbara, according to a report. The Pacific Coast Business Times reports that the firm is taking over 26,000 square feet on Gutierrez Street in Santa Barbara, as the firm has grown to over 150 employees worldwide. RightScale is venture backed by Tenaya Capital, DAG Ventures, Benchmark Capital, Index Ventures, and Presidio Ventures. RightScale's software is used to manage the deployment of p (More info...)
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Scentsa Gets Series A FundingCarlsbad-based Scentsa, a developer of an out-of-home advertising network, has scored a Series A funding from San Diego private equity fund Huntington Capital, Huntington said Tuesday. Size of the equity funding deal was not disclosed. According to Huntington, the financing round goes to facilitate the deployment of a network of high definition, LCD media screens for out-of-home advertising at Barnes & Noble College bookstores. The funding by Huntington was led by Tim Bubnack. Scentsa said the d (More info...)
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Active Network Sets IPO Trading RangeSan Diego-based Active Network, the operator of online sports registration, team website, and related sports businesses, has set the trading range for its IPO. The firm said in an updated S-1 Tuesday afternoon that it is selling 11,000,000 shares of its common stock in its IPO on the NYSE, with an expected initial public offering price of $16.00 and $18.00 per share. The firm has filed to list as ACTV. Active Network's IPO is being underwritten by BofA Merrill Lynch, Citi, Allen & Company LLC, S (More info...)
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Topanga Technologies Raises $15MCanoga Park-based Topanga Technologies, a developer of high efficiency, plasma lighting, has scored $15M in new funding, according to regulatory filings from the firm. Details on the funding have not been announced by the company. Topanga Technologies is developing plasma lamps and engines which the firm says exceeds the energy efficiency of LED, flourescent, and other light sources. The firm has previously scored funding from Khosla Ventures. Khosla is represented by Ford Tamer on Topanga's boa (More info...)
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Anti-AgingGames.com Launches Brain Fitness SiteLos Angeles-based Anti-AgingGames.com, a new startup offering up brain fitness games, has launched today, aiming at healthy people looking to help their memory, concentration, and focus. The site--whose games were designed by Atari founder Nolan Bushnell--offers up online games which have been vetted by scientists to help reduce the risk of early memory loss. The firm was co-founded by Elizabeth Amini and Brent Bushnell. Anti-AgingGames advisors include Nolan Bushnell, who was the founder of Ata (More info...)
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Google Follows MP3tunes With Music Locker ServiceMountain View-based Google has followed the lead of San Diego-based MP3tunes, and debuted its own "music locker" service today at its Google I/O developer conference. Google's new "Music Beta by Google" is only available to a limited number of customers, however, will allow users to store up to 20,000 songs "in the cloud", streaming those tunes to Android phones or PCs. The service is a direct competitor to MP3tunes, which offers its own, streaming "music locker" service. The new Google service (More info...)
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SUPER HEAT Games Gets $1.6MEncinitas-based SUPER HEAT Games, a developer of skateboard-themed collectible trading card games, announced this morning that it has raised $1.6M in a Series A funding round. The round was led by Diamond Ridge Ventures and DFJ Frontier. As part of the funding, the firm said that Josh Swartz of Diamond Ridge and Scott Lenet of DFJ Frontier will join the firm's board. SUPER HEAT Games is headed by Robert Reynolds. The company said it expects to launch its game on May 24th.
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BUZZMEDIA Tops Facebook On Young Adult UsageLos Angeles-based BUZZMEDIA, the online entertainment blog and web publisher, is trumpeting its ranking today by comScore as one of the sites with the highest young adult reach. BUZZMEDIA said that 18-34 year olds are more likely to be found on its site than on Facebook and other sites. The firm also said it was ranked the third highest site of used by users between 18-24 and 18-49. BUZZMEDIA operates a network of celebrity and pop culture focused sites, including Buzznet, Stereogum, Celebuzz, T (More info...)
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ID Analytics Rolls Out Consumer ServiceSan Diego-based ID Analytics, the provider of risk management tools for companies, said today that it has launched a consumer offering. The firm said its new Consumer Notification Service will alert consumers in real-time, when the firm detects that a person's identity has been used. The firm said the new service is intended to help consumers proactively stop fraud attempts, by alerting them via text, email, or iPhone app of an attempt to use their identity. The firm did not announce pricing on (More info...)
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RealGravity Ties With MetacafeLos Angeles-based RealGravity, which provides online video distribution and syndication, said today that it has partnered with online video sharing site Metacafe. RealGravity said that Metacafe is using its platform to syndicate its short-form video content to preferred publisher partners. Financial details of the win were not disclosed. RealGravity said its platform is being used to track reporting, revenue share, and ad sales. RealGravity's co-founders are Luke McDonough and Sid Conklin. The f (More info...)
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Novacoast Buys IT FirmSanta Barbara-based Novacoast, a provider of IT professional services and product development, said Monday that it has acquired Data Technique, a provider of IT services to the Midwest market. Financial terms of the acquisition were not disclosed. Novacoast said that Data Technique provides identity and access management, virtualization and cloud computing services to educational institutions, financial services firms and commercial accounts throughout the Midwest.
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PowerGenix Passes Safety TestingSan Diego-based PowerGenix, the venture-backed develops of rechargeable Nickel-Zinc (NiZn) batteries, said today that its battery cells have met safety standards from the Department of Energy FreedomCar and Society for Automotive Engineers (SAE). The company said the testing of the batteries moves its closer to commercial deployment in electric and hybrid electric vehicles. PowerGenix is venture backed by Advent International, Angeleno Investors, Bessemer Venture Partners, Braemar Energy Venture (More info...)
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MaxLinear Gets Design WinCarlsbad-based MaxLinear, the developer of radio frequency and mixed signal integrated circuits, has scored a design win with a developer of cable TV systems. The firm said that SiliconDust, a developer of HD cable TV systems, has selected its cable TV tuners. Expected shipment volumes of the win were not announced. SiliconDust is using MaxLinear's HXL241SF cable TV tuner in its products.
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